KRG Minister of Foreign Relations concluded a three-day visit to the Republic of Korea. The aim of the visit, which was upon the invitation of the Korean Ministry of Foreign Affairs, was to review the existing cooperation and exchange views on further broadening bilateral ties. In his visit to the Korean National Defense Ministry, Minister […]
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. After Babylon, Borsippa has its eye on World Heritage List As preparations continue to have Babylon recognized by the UNESCO World Heritage List in 2017, the city of Borsippa, […]
By John Lee. Iraq’s crude oil exports from its southern ports rose to 3.230 million bpd in August, compared with 3.202 million bpd in July, according to the Ministry of Oil. Revenues for the month hit $3.93 billion, giving an average selling price of $39.248 per barrel. (Source: Ministry of Oil)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Falling oil prices over the past year has caused a cash crisis in oil producing countries, including Iraq. The fall in oil revenue has exacerbated a political disagreement between federal government leaders in […]
A total of 691 Iraqis were killed and another 1,016 were injured in acts of terrorism, violence and armed conflict in Iraq, excluding Anbar, in August 2016*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in August was 473 (including 16 federal police, Sahwa […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber and fighter […]
The United Nations Development Programme (UNDP) is assisting the Government of Iraq (GoI) in its efforts on Security Sector Reform (SSR) through a well-established partnership with the Office of the National Security Advisor (ONSA). On 29 August, UNDP and ONSA co-chaired the first meeting between the Ministry of Interior (MoI) and international partners within the […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 15 remittance companies took part in its currency auction on Wednesday. A total of $133,884,851 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The State Oil Marketing Organization (SOMO) has reportedly blacklisted three tankers involved in shipping crude oil from Iraqi Kurdistan. The company, part of the Ministry of Oil, said it would no longer allow the ships Maran Centaurus, Four Smile and SN Olivia, which had been shipping Kurdish oil, to enter Iraqi ports […]
By John Lee. The Missan Oil Company (MOC) has announced for the completion of four new wells at the Halfaya field in Maysan province. Adnan N. Sajit, the director general of the MOC, said that the Chinese companies Bohai and Daiken had completed the drilling at the field, which is being developed by Petrochina (CNPC). […]
By John Lee. Vectrus Systems Corporation, Colorado Springs, Colorado, has been awarded a $9,423,310 contract to provide enterprise network capabilities and services support of U.S. Central Command forces within the south-west Asia area of responsibility. Work will be performed in Iraq, with an estimated completion date of May 31, 2017. (Source: US Dept of Defense)
By John Lee. Prime Minister Haider al-Abadi appointed a new interim defense minister on Monday. General Othman Ghanm, the interim Chief of Army Staff, will take over from Khalid al-Obeidi, who lost a confidence vote in parliament last week. Ghanm's position as interim Chief of Army Staff will be filled by Anwar Hama Amin, Lieutenant General/Aviator […]
